There's something in Canada called an RCA (retirement compensation agreement) which allows players to defer their tax obligations on up to 50% of what they are earning in a given year. Half goes into a refundable tax account and the other half goes into a self-directed account. The outcome of this is that they pay 50% of their tax obligation, per year, on half of their earnings - while the other 50% is held and invested in that self-directed account.
The reason I bring this up is the major caveat with the RCA: upon redemption, they need to break all their ties with Canada for a minimum of 18-24 months. They then pay a flat 25% tax on those self-directed, deferred-tax earnings (which have been growing, tax free, for x amount of years), and after that term are able to repatriate/repurchase their real estate/small businesses, etc. I know for a fact that Iginla still "owns" two lakefront properties nearby me in the Okanagan, but the title is held in his parent's names. I see him at my course quite a bit in the summer.
Anyway, the baseline assumptions in an RCA point right to why he'd settle in Boston.
Alan Walsh went into detail on this on Chiclets a while back:
Savvy tax planning man - big boon for the wealthy. The napkin math on this is outrageous and I can run it in a bit, but it's a truly enormous cost savings over the course of his career - many sheets worth.
Should go fairly high in the WHL draft tomorrowPlaying for Rink Hockey Academy in Kelowna CSSHL U18 league. Not sure how up to date it is but eliteprospects has him at 6g 5a for 11pts in 10 gp. Still behind a few others on his team for ppg
Should go fairly high in the WHL draft tomorrow
The Rink academy website has him at 18 pts in 13 games.Playing for Rink Hockey Academy in Kelowna CSSHL U18 league. Not sure how up to date it is but eliteprospects has him at 6g 5a for 11pts in 10 gp. Still behind a few others on his team for ppg
Depends on if the whispers he's thinking college are true. Have heard both he's leaning whl and college route so we'll see tomorrowShould go fairly high in the WHL draft tomorrow
Where did he go?Should go fairly high in the WHL draft tomorrow
Where did he go?
Or the Kamloops Blazers. They also drafted Shane Doan's son (although he opted for NCAA)Would be cool if the Calgary Hitmen got him
yeah it's not good, they honestly shouldn't even be playing.they must be short players, just looked at the box score and they have 14 skaters tonight.
9 forwards and 5 Dmen.
Scored an assist in his first ever game
and now in his 5th game, his first WHL/CHL goal, congrats!.
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Western Hockey League
Headquartered in Calgary, Albert, the Western Hockey League (WHL) consists of 22 Member Clubs located throughout Western Canada and the U.S. Pacific Northwest.whl.ca